Compared to the typical worker’s pay, CEOs were paid 399 times more in 2021, which is the highest ratio on record. In 1965, CEOs only made 20 times of what the average worker made.
Pay for chief executive officers rose by just over 11% from 2020 to 2021, according to a new report by the left-leaning Economic Policy Institute.
“Exorbitant CEO pay is a contributor to rising inequality that we could restrain without doing any damage to the wider economy,” Josh Bivens, the director of research at EPI and one of the report’s authors, said in a statement. CEO pay is changing Dave Kamper, a senior state policy coordinator at EPI, wrote on Twitter TWTR, +22.24% : “CEO pay has gone up 1,460% since 1978. In our last report released before COVID started, in 2019, it had *only* gone up 940%. That is to say, ONE THIRD of the TOTAL jump in CEO pay since 1978 has come in the past three years.”
Compensation figures included salary, bonuses and long-term incentive payouts, including stock awards and stock options.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Average CEO pay is now 399 times more than a typical worker's wage — and 1/3 of that rise happened in the last three yearsAverage CEO pay rose 11% in 2021 — and is now 399 times more than the typical worker’s wages.
Read more »
Alaska Legislature’s new social media policy nixes banning and blockingIf Alaska’s state legislators remove constituents’ comments or block them on social media, they may forfeit state-paid legal protection, according to a new social media policy adopted last week. (From AlaskaBeacon)
Read more »
Groups Pushing Right-Wing State Policy Are Raking In $152 Million Each YearSPN works at the state level to “defund and defang” unions, oppose climate change regulations, lower wages, cut taxes, and push many more right-wing policies.
Read more »
Opinion | Russia's Ukraine annexation pinpoints a major problem with American foreign policyAs things stand, it seems there is one standard when America's adversaries take territory by force, and another when allies do it.
Read more »
Redistricting pits two Anchorage House Democrats with similar policy views against each otherRedistricting has pitted Rep. Harriet Drummond and Rep. Zack Fields against each other for a House seat, creating a contest between incumbents who share political views, many endorsements and even East Coast upbringings. (via AlaskaBeacon)
Read more »